25 February 2010

The Taxes Are Coming! The Taxes Are Coming!

I don't know what to think of this. I truly don't. I have never been so frightened, of a piece of legislation. The white house will tell you it is the Republicans that are scaring the people, but he's wrong. It is not the Republicans that are scaring me, (however they aren't make me feel 'safe') but it is in fact his policies and the democrat's bills that are scaring me.

Take a look at the Heritage Foundation's list of some of the new taxes that will be coming to a hospital near you if this passes.

* Require information reporting on payments to corporations (2011 – $17.1 billion)
* Exclusion of unprocessed fuels from the cellulosic biofuel produce credit (immediately upon passage – $23.9 billion)
* Codify economic substance doctrine and impose penalties for underpayments (immediately upon passage – $4.9 billion)
* Increase Hospital Insurance portion of the payroll tax and apply it to investment income for families earning more than $250,000 a year ($200,000 for single filers) (2012 – $183.6)
* Excise tax on “Cadillac” insurance plans valued at more than $10,200 for individuals and $27,500 for families (2018 – $32.7 billion)*
* Impose annual fee on manufacturers and importers of branded drugs (2011 – $33.4 billion)*
* Impose excise tax on manufacturers and importers of medical devices (2012 – $20 billion)*
* Impose annual fee on health insurance companies (2014 – $59.5 billion)*
* Excise tax on indoor tanning services (2010 – $2.7 billion)*
* Limit Health Savings Accounts (HSA) (2011 – $5.0 billion)*
* Increase taxes on unqualified distributions from HSAs (2011 – $1.4 billion)*
* Limit Flexible Spending Accounts (FSA) (2014 – $11.4 billion)*
* Eliminate deduction of expenses allocable to Medicare Part D subsidy (2012 – $2.6 billion)*
* Limit deductions for medical expenses (2013 – $15.2 billion)*
* Higher taxes on compensation above $500,000 paid to officers, employees, directors and service providers of covered health insurance providers (2013 – $0.6 billion)
* Higher taxes on certain health organizations (2010 – $0.4 billion)*

Scary isn't it. This is the future of America. This along with the 2,400 page bill in the Senate. If this is passed, it truly will be a 'nuclear option.' It will be as if some one has nuked our nation, and we will be consumed by tyranny.

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